link cause i’m not a lib https://en.m.wikipedia.org/wiki/Renaissance_Technologies#/media/File%3AGraph_Medallion_2015.jpg
How the hell do hedge funds work anyway? It seems like a machine that just gives rich people money.
except in this case it gives employees money but yeah something like that, mostly automated trading through algorithms
You know that 25% of everything that everyone produces that's skimmed as surplus? A lot of that gets put into a Rube-Goldberg Paremovedo machine known as "finance", but that's ultimately where it's coming from.
Lol who do I @ to say that the slur filter is broken again?
it's the game with the ball and the pegs that follows a binomial distribution.
Basically they get to do what they want without the public reporting requirements that mutual funds have to do, but the flip side is that only rich people can invest in hedge funds because you're too stupid to make money if you aren't already a millionaire.
It can't be insider trading if you're already part of the family, capisce?
Class solidarity among the Capitalist class, you hate to see it folks
Employing mostly award-winning mathematicians and computer scientists since its inception. And you people keep telling me America isn't a meritocracy.
They’re turning turds into that much gold and 2/3 of the employee-investors have between $1M and $5M invested?
Inebriated phone math says 5k would turn into $1M in 10yr so it guess the noobs could have started with very little several years ago.
But those splits/mass cut-offs just make me feel like they’re not managing that much money
